KarmaCircles, which is working on the concept of ‘Request, Receive and Thank’, has raised seed funding from a consortium of angel investors at a valuation of 20 crores.

The startup will deploy the funds to focus on increasing engagement and rolling out the enterprise version of the platform, which will be targeted towards accelerators, business schools, and corporates to engage with a closed gated community.

Started in 2015, KarmaCircles connects people to offer and receive help from each other without a financial transaction. The platform says, it’s targeting those people, who still believe that helping others counts as good karma and one day eventually it will come back to you.